peace and chicken grease

Another form of "Love, peace and chicken grease."

It is a slang term used to say goodbye, like "Peace out".

-Talk to you later.
-Peace and chicken grease.

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mathetic

of or related to learning

What is the function of utterances of this kind? ... their function is a learning function ... in the sense that they contribute to the child's learning about the environment.
... so we can interpret this mathetic function as arising from a combination of two other functions, the personal and the heuristic. (Halliday, M.A.K. (2003). The language of Early Childhood. London: Continuum. p. 80)